SRINAGAR: Citing its unique Constitutional position, Jammu and Kashmir has asked the Centre to protect the State’s special taxation powers while rolling out the Goods and Services Tax (GST).
Giving this information to the Assembly, Finance Minister Haseeb Drabu today said the draft GST bill circulated by the Centre has not incorporated any safeguards to protect J&K’s special taxation powers.
“I have made a case for safeguards being put in place before the proposed legislation and I have been assured by the Union Finance Minister (Arun Jaitley) that it will be done,” he said.
His comments came at a time when the Centre is keenly pushing the bill on GST which will reform the taxation system. The bill is currently stuck in Rajya Sabha because of resistance by main opposition Congress.
Drabu said before extending GST to Jammu and Kashmir, the bill will be brought before the state Legislature for ratification and modification, if required. (AGENCIES)
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